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4.2¢ magnis energy technologies ltd

Ann: Quarterly Cashflow Report, page-20

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PickmeAmonkey

2,706 Posts.

149

01/11/18

08:35

Post #: 36344607
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Originally posted by Capraise: ↑

Only 8m left. That will not go far, the NY factory needs 50m, and townsville needs another 9m for the feasibility study. Going on history mns has been saying that finance is around the corner, not far, announced Posco finance. Everything has turned into zero financing the last 4 years. What has happened instead is mns has issued more shares to get money to come in. I see nothing changing, and by the share price action I recon the market has the same idea

Like I have said before, I see mns contributing a significant amount of money going forward for NY. Why because mns is the only one putting it's hand in its pocket, as well as cv4. And cv4 has used the money mns gave to it for 10 per cent equity, so mns has contributed the whole lot so far.

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Of the US$50 million what will Magnis's share be? Also does this include money for ongoing working capital/contingency funds as the factory irons out any kinks?

MNS Price at posting: 28.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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